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EUR/NZD faces strong support around 1.6180, break below targets 1.6000

Dec 15, 2015 12:36 pm UTC| Technicals

Pattern Formed- Head and shoulder Major support: 1.6180 The pair has broken major support 1.6180 and declined till 1.6170. Short term trend is still weak as long as resistance 1.6260 holds. Any break above 1.6260 will...

FxWirePro: EUR/AUD consolidating after rally from 1.4348 lows, positive bias remains

Dec 15, 2015 11:48 am UTC| Technicals

EUR/AUD struggling to extend gains beyond 1.5343, consolidating after rally from 1.4348 lows (Dec 3rd). Momentum studies are neutral - 5, 10 20 DMAs base/climb - positive setup exists, bounce from here targets a test of...

FxWirePro: BTC/EUR consolidates in narrow range, good to buy at dips

Dec 15, 2015 11:21 am UTC| Technicals Digital Currency

BTC/EUR has recovered after making a low of 375. It is currently trading around 413. Short term trend is still bullish as long as support 375 holds. On the higher side minor resistance is around 425 and break above...

GBP/NZD Trade Idea

Dec 15, 2015 11:04 am UTC| Technicals

Pattern- Descending triangle pattern Major support - 2.2300 (trend line joining 2.2410 and 2.23150) GBP/NZD has declined till 2.2274 at the time of writing and slightly recovered from that level. Overall trend is...

FX Hedging Strategy Series

FxWirePro: Speculate EUR/USD with binary calls pre-FOMC - Buy risk reversal in long term

Dec 15, 2015 10:53 am UTC| Technicals

What is clear today though, is that the short-term pre-FOMC risk is of a break higher in EUR/USD for no obvious reasons than positions reduction, upon resultant forces Euros gains against dollar to reach at 1.11 areas....

FxWirePro: EUR/SEK retraces gains post Riksbank decision, good to sell rallies

Dec 15, 2015 10:15 am UTC| Technicals

Swedens Riksbank stays unchanged at -0.35%, SEK firms again after having lost ground into the rate announcement EUR/SEK had hit session highs at 9.3641, and from there has fallen back to 9.2651 as we write Daily...

FxWirePro: GBP/JPY recovers after making a low of 182.12, good to sell on rallies

Dec 15, 2015 10:03 am UTC| Technicals

GBP/JPY recovered after making a low of 182.12. It is currently trading around 183.32. The major intraday resistance is around 183.80 and any break above will take the pair till 184.25/184.60 level. Short term...

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